Friday, November 25, 2016

After initial years of underperformance, this tax-saving fund has seen a healthy improvement under the stewardship of its current fund manager. It has consistently outperformed the category for the past five years. It essentially mirrors the Birla Sun Life Tax Relief '96 Fund, which is much bigger in size. Like the bigger flagship, this fund adopts a more aggressive stance in its investing style compared to peers. It currently has a higher tilt towards mid-caps compared to peers and adopts a freewheeling approach to portfolio construction, based purely on bottom-up stock selec tion. Its superior risk-reward profile makes it a worthy fund in its category, though the flagship fund provides a slightly better return profile owing to its lower expense ratio.

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